Quang Ninh granted investment certificates to 3 foreign-invested projects

Investment certificates were granted to three foreign-invested projects with total registered capital of $80 million on March 29.

Xiamen Sunrise Group Co.,Ltd., a top wheel manufacturing group from China, was given an investment certificate for its $55-million project to produce automobile rims using light metals. The smart project is located in Bac Tien Phong Industrial Park, Quang Yen town.

Vietnam Lioncore Industries Co.,Ltd., a manufacturer of vinyl tiles and planks, received an investment certificate to build its second factory in the province worth $55 million. The plant is in Dong Mai Industrial Park, Quang Yen town, next to its $30-million first factory.

The Singapore-invested firm received an investment certificate to build the first factory in 2021, with a capacity of 108,000 tons a year.

South Korea-backed Samsong Vina Co.,Ltd. was delivered an investment certificate for its $10-million project to manufacture automobile safety belts in Song Khoai Industrial Park, Quang Yen town. The firm has already invested $10.61 million in building a factory in the northern province of Hai Duong.

So far this year, Quang Ninh province has attracted FDI of $494 million into industrial parks and economic zones, fulfilling 40.9% of the 2023 target of over $1 billion.